Bajaj Finance
Ltd., the lending and investment arm of Bajaj Finserv, has increased its Fixed
Deposits’ (FD) rate of interest. The company has increased itsFD
ratesforexisting loan
& FD customers to up to 9%* and new customers to up to 8.75%*. For
senior citizensthe FD rates are increased to up
to 9.10%*. These new rates are offered on an annual basis, applicable under the
cumulative and non-cumulative payout schemes on a 36-60 months tenor. The
annual rate of interest valid for deposits up to Rs. 5 crore (w.e.f 17 October
2018).

For the same schemes and tenor, the new Fixed Deposit
customers would get 8.75% instead of 8.50% earlier. The existing loan and FD
customers are offered a rate of 9% which previously was 8.75%. The rate of
interest, has thus recorded a rise of 0.25% on a tenor of 36-60 months across
all customer categories.

For the recently launched special tenor scheme of 15
months with a minimum FD size of Rs. 1 lakh, the FD rate of interestwould be up to
8.05% for new customers and 8.40% for senior citizens.

Upon renewal, senior citizens will now earn a higher
rate of interest of 9.35% which previously was 9.10% and new customers will be
offered rate of interest of 9% compared to 8.75% prior, for a tenor ranging
between 36 to 60 months.

Bajaj Finance Fixed Deposit has been accredited
'FAAA/Stable' rating byCRISILand 'MAAA
(Stable)' rating by ICRA which indicate highest degree of safety with regard to
timely payment of interest and principal on the instrument. Deposit book stood
at Rs. 9,427 crore as of 30 June 2018 which was a growth of 85% from Rs. 5,095
crore as of 30 June 2017. Deposits contributed to 14% of the standalone
borrowings.

Features and benefits of Fixed Deposit Higher interest rates for senior citizens -
Senior citizens investing in the Bajaj Finance Fixed depositearn an
additional 0.35% rate of interest over and above the card rate.

Minimum deposit and flexible tenor - The customer can start with a minimum deposit of Rs. 25,000 and earn high
return. Customers have the flexibility to choose from a tenor ranging between
12 to 60 months, to suit their financial needs.